Regional start-ups receive funding injection

Networks to support the growth of regional businesses have received funding from the federal government.

The Seedlab Tasmania project, which focusses on helping grow the food, drink and agricultural industries in Tasmania, received $463,100 in funding, while Latrobe City Council will gain $399,498 in funding for the Startup Gippsland project.

Both programs are designed to support businesses in regional areas to connect to national and international markets while developing entrepreneurial talent in the regions.

“Through the Incubator Support initiative, we equip start-up businesses with the capabilities to tackle international markets and flourish. This will ultimately mean a more competitive Australia and more jobs, including in regional communities,” said Minister for Industry, Science and Technology, Karen Andrews.

Programs offered as part of the Startup Gippsland project include pre-accelerator programs, as well as masterclasses for advanced start-ups, highlighted member for Gippsland, Darren Chester.

“Gippsland has some fantastic entrepreneurs and this investment will only strengthen the work already being done by providing growing businesses with the resources to they need to expand,” he said.

In Tasmania, Member for Bass, Bridget Archer, highlighted how the project could grow the economies of areas outside the state capital.

“Seedlab Tasmania is all about cultivating a network of experts, resources and market insights to accelerate these ventures towards exports, and high wage jobs in regional Tasmania,” she said.

“This funding will help develop Australia’s innovation ecosystem.”

In addition to the two local initiatives, further support for global opportunities for regional businesses will come from La Trobe University’s Global Markets Accelerator Program, which received $337,800 under the Incubator Support program.